Marc Francis Rogers, of East Palo Alto, California, is the subject of a customer initiated investment related written arbitration claim on May 2, 2017, wherein the customer requested an estimated $5,000.00 in damages based upon allegations that he failed to adequately apprise the customer concerning tax liabilities associated with securities transactions effected in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Rogers has been identified in four more customer initiated investment related disputes containing allegations of his misconduct while employed with Piper Jaffray Inc. and U.S. Bancorp. In particular, on November 23, 1998, a customer initiated investment related written complaint regarding Rogers’ activities was settled for $250,000.00 in damages based upon allegations that he negligently handled the customer’s investment account, effected transactions in the customer’s account that were not suitable, and churned the customer’s investment portfolio.
Moreover, on November 15, 2000, a customer initiated investment related arbitration claim involving Rogers’ conduct was settled for $210,000.00 in damages based upon allegations that he defrauded the customer, breached his fiduciary obligations, and effected unsuitable and excessive transactions in the customer’s investment account. Further, on July 5, 2014, a customer filed an investment related written complaint regarding Rogers’ activities, in which the customer sought $3,000,000.00 in damages based upon allegations that he effected unsuitable municipal debt transactions in the customer’s investment account.
Additionally, on May 5, 2016, a customer filed an investment related arbitration claim involving Rogers’ conduct, where the customer requested damages estimated at $7,500,000.00 based upon allegations against Rogers of unsuitability and misrepresentation in reference municipal debt transactions effected in their accounts.
Guiliano Law Group
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